The last few months have been particularly eventful for GameStop, global giant of video game distribution and parent company of Micromania-Zing. The American company was taken by storm in early 2021 by budding investors from the Reddit forum, which subsequently sparked a huge battle between those same members and the true shareholders. As a result, shareholders lost big, Reddit users turned into heroes, and GameStop saw its share skyrocket. Neither one nor two, GameStop has decided to raise on the stock market to accelerate its transformation into e-commerce and to strengthen its situation. A transformation that still requires some changes.
Earlier in the year, Reggie Fils-Aimé, the former president of the American subsidiary of Nintendo, announced that he was leaving the board of directors of GameStop, without giving any real explanation. Today is another great in American society to be on the go. Indeed, in a press release, the company specializing in the distribution of video games has said that George Sherman, managing director of the box for two years, will step down on July 31, 2021 at the latest. Indeed, the current CEO can be replaced earlier if a successor is found before that date.
The Board’s Strategic Planning and Capital Allocation Committee is leading a search to identify candidates for the CEO position with the skills and experience to help accelerate the next phase of the company’s transformation. GameStop
It would therefore seem that the future resignation of George Sherman is directly linked to the transformation of the company. As we specified above. GameStop wishes, in the coming months, to strengthen its positioning in online product sales.